Solar Panel Cost Guide in Colerain, PA (Feb 2023)
- Colerain Solar Installation Cost: $11,727
- 25-Year Savings: $13,517
- Payback Period: 11.6 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Colerain
Let's have a look at the average cost of solar in Colerain.
Although the national average of solar panels is $2.66 per watt, solar panels in Colerain typically cost around $3. The average solar panel system size in Colerain is around 6.6 kilowatts, meaning a cost of about $11,727 for a solar installation, or $8,678 after the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Colerain homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in Colerain can save about $15,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Colerain for a customized quote.
Solar savings over time in Colerain
| Year | Return on Investment |
|---|---|
| 1 years | $-10,718 |
| 3 years | $-8,698 |
| 5 years | $-6,678 |
| 7 years | $-4,659 |
| 9 years | $-2,639 |
| 11 years | $-620 |
| 13 years | $1,400 |
| 15 years | $3,419 |
| 17 years | $5,439 |
| 19 years | $7,459 |
| 21 years | $9,478 |
| 23 years | $11,498 |
| 25 years | $13,517 |
Top Solar Installers in Colerain
When switching to solar energy, many homeowners decide to use a solar installer since putting up a solar system yourself can be a challenging project. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Colerain
Factors that Affect Solar Panel Costs in Colerain
Though the average cost of a solar system in Colerain is $11,727, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Colerain homeowners choose to finance their solar panel systems to offset upfront costs. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can affect how much you pay. Colerain's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $11,909 | 12.1 years |
| 8 kW | $2.60 | $14,566 | $16,164 | 11.8 years |
| 10 kW | $2.55 | $17,850 | $20,562 | 11.6 years |
| 12 kW | $2.50 | $20,992 | $25,103 | 11.4 years |
| 14 kW | $2.45 | $23,990 | $29,786 | 11.2 years |
| 16 kW | $2.40 | $26,846 | $34,613 | 10.9 years |
| 18 kW | $2.35 | $29,560 | $39,582 | 10.7 years |
| 20 kW | $2.29 | $32,130 | $44,694 | 10.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the total cost, completion timeline rebates and warranties.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Colerain, PA Solar Cost FAQs
How much does it cost to install solar panels in Colerain?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Colerain is currently $246,088, which means you could be looking at a value of about $10,090 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Colerain is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.